| SECURITY
All checks are payable directly to an escrow account, held by Equitable-PCI Bank
(Philippine's third largest bank). All checks issued by buyers as payment for
their units are payable to EPCIB Trust Account 102-78007-9. Funds
in the escrow account may only be disbursed for project construction and project-related
expenses. All of the funds go directly to the project, no co-mingling and diversion
of funds. Pacific Concord Properties hopes to
serve as a catalyst of change for the Philippine Real Estate Industry by instituting
regulatory measures such as placing the buyer's payments in an escrow account
dedicated for the project. |